Suburban West Realtors Association
Suburban West Weekly
December 22nd, 2020
IN THIS ISSUE
  • A Strong RPAC Means a Better Protected Real Estate Industry

  • Association Office Holiday Schedule

  • NAR Launches “First Time Buyer” – The Mini-Series

  • FHFA has Announced Conforming Loan Limits for 2021

  • Newtown Township Passes Inspection Ordinance With Amendments

  • Calendar of Events 
 

 



Pictured: Chairman Kit Anstey congratulates Suzette Webb on winning the 2020 RPAC Car Sweepstakes. Suzette won a 2-year lease on a 2021 Mercedes-Benz GLA-250! 

A Strong RPAC Means a Better Protected Real Estate Industry

In 2020, despite the pandemic, Suburban West members once again invested in the REALTORS® Political Action Committee at a near record pace. Forty percent of Suburban West members made their RPAC investment to help elect pro-real estate and homeownership candidates to office that address important issues impacting your business at all levels of government Suburban West is grateful to the more than 2,400 REALTOR® and Affiliate members that made their 2020 RPAC investment.
The organization also extends a special thank you to our 34 major investors who went above and beyond with their 2020 RPAC Support. They are, as sorted by category:
Platinum “R” ($10,000; $5,000 to sustain) – Ken Enochs
Golden "R" ($5,000, $2,500 to sustain) – Kit Anstey, Christina Cardone, Dominic Cardone, Brian Slater
Sterling "R" ($1,000) - Lisie Abrams, Noelle Barbone, Mark Barone, J. Patrick Curran, Steve D’Antonio, Kevin Gallagher, Jill Goldman, Robin Gordon, Timothy Graham, Stefanie Hahn, Justin Johnson, Brian Kane, Dennis Manley, Barbara Margolis, Anne Marie Matteo, Guy Matteo, Debbie McCabe, Joe McGettigan, Kathy McQuilkin, Tom McQuilkin, Randy Myer, Kathie Ramer, Vince Range, Mark Reale, Jamie Ridge, Maureen Sexton, Bob Shaffer, Theresa Tarquinio, and Debbie West.
Lastly, Suburban West congratulates Suzette Webb on winning the 2020 RPAC Car Sweepstakes. Suzette won a 2-year lease on a 2021 Mercedes-Benz GLA-250! 

Association Office Holiday Schedule

On behalf of the Suburban West Realtors® Association, we hope that all members have a happy and safe holiday season. In consideration of business you may have with the Association over the next few weeks, please take note of the following office closings.
The Association will be closing at 3:00pm on Wednesday, December 23rd and will be closed on Thursday, December 24th and Friday, December 25th. The office will also be closing at 3:00pm on Wednesday, December 30th and will be closed on Thursday, December 31st and Friday, January 1st for New Years. 

NAR Launches “First Time Buyer” – The Mini-Series

The National Association of REALTORS® has launched a new, fun, and informative eight-part series. In a series of short (15 minute) videos, “First-Time Buyer” demonstrates how REALTORS® work with clients to overcome potentially deal-breaking problems that can crop up at any stage of the search and transaction.
The videos are designed with the consumer in mind so they can see firsthand what first-timers face, and how relying on a REALTOR®'s expertise helps them prep for the unexpected and make sure this milestone decision is made with confidence. 

FHFA has Announced Conforming Loan Limits for 2021

The Federal Housing Finance Agency (FHFA) has announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2021.  In most of the U.S., the 2021 maximum conforming loan limit (CLL) for one-unit properties will be $548,250, an increase from $510,400 in 2020. Here is Lender Letter (LL-2020-14) announcing the new limits with details. 

Newtown Township Passes Inspection Ordinance With Amendments

The Newtown Township Board of Supervisors adopted Ordinance 2020-06 amending the property maintenance code by adding Article II, “Property Transfer Certifications.” The update requires sellers of residential property to comply with certain requirements regarding carbon monoxide and smoke detectors, electrical outlets, sprinkler systems (when already present), sidewalks, sump pumps, etc. For nonresidential property, there would be additional requirements regarding exits, fire extinguishers, sewer laterals, etc., prior to the transfer of property. The ordinance also requires that a property owner provide a certification of the property zoning to the buyer. The Suburban Realtors® Alliance urged the board to include language bringing the ordinance into compliance with the state Municipal Code and Ordinance Compliance Act, and the ordinance was amended to include language referencing that law.
For more news items from the Suburban REALTORS® Alliance, click here to access their Weekly News Briefs.
www.cometogether.us

Calendar of Events

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Suburban West REALTORS Association
1 Country View Road, Suite 201, Malvern PA 19355
P: 610-560-4800 | F: 610-560-4801
Association of REALTORS School
1 Country View Road, Suite 101, Malvern PA 19355
P: 610-560-4900 | F: 610-560-4801
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